DeFi tokens and NFTs rally higher as Bitcoin price drops below $19,000
Cointelegraph
Published Dec 08, 2020 02:34PM ET
Updated Dec 08, 2020 04:20PM ET
Bitcoin (BTC) and other major altcoins are either stuck in a range or are witnessing a correction. However, that is not the case with the entire crypto space because a few tokens have been outperforming major cryptocurrencies by a considerable margin.
In a world where yields have plunged to negligible levels, the DeFi ecosystem has attracted investors’ attention. Data from Dune Analytics shows that the number of unique Ethereum addresses participating in various DeFi protocols has surged from about 91,000 to over 1 million in a year.
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Written By: Cointelegraph
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